宏观经济学chap02-The Data of Macroeconomics.pptVIP

In this chapter, you will learn… …the meaning and measurement of the most important macroeconomic statistics: Gross Domestic Product (GDP) The Consumer Price Index (CPI) The unemployment rate Gross Domestic Product: Expenditure and Income Two definitions: Total expenditure on domestically-produced final goods and services. Total income earned by domestically-located factors of production. The Circular Flow Stocks vs. Flows A flow is a quantity measured per unit of time. E.g., “U.S. investment was $2.5 trillion during 2006.” Stocks vs. Flows - examples Now you try: Stock or flow? th